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Iraq’s Oil Revenue Projected At $48Bn In 2010 Budget
...conservative oil price assumptions, the external current account and the overall balance of payments are expected to remain in deficit in 2010 and 2011. At the same time Iraq’s fiscal position is projected to record significant but declining deficits in both these years, before returning to su...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
MEES Agenda: Bahrain Pushes Ahead With Oil And Gas Development
...be made at year-end or in early 2011. Assessment work continues on whether it should be a floating LNG regasification facility, along the lines of Kuwait’s floating LNG import unit, or a fixed plant. Shell has set up a large Dubai-based trading operation, in part to service these types of deals. Th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
EIA Boosts 2010 Demand Forecast To 1.5Mn B/D On Expected Economic Growth
...is spring, rising to an average of about $82/B by the end of the year and to $85/B by the end of 2011.” The EIA said it does not expect OPEC to change its production target of 24.845mn b/d during its mid-March ministerial meeting and added that it expects to see a slight decrease in OPEC surplus cr...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
AIOC Approves Chirag Oil Project, Sees Additional 360Mn Barrels
...ucasus to the Turkish Mediterranean coast. The Azerbaijani government estimates that crude output from the ACG fields now producing will reach 44.8mn tons (896,000 b/d) in 2010, 46.8mn tons (936,000 b/d) in 2011, and 44.6mn tons (892,000 b/d) in 2012. AIOC consortium partners in ACG are: BP (operator, 34...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Iranian Parliament Approves Outlines Of 2010-11 Budget
...bt Repayment ($Bn) 1388 (2009-10) 6.189 1389 (2010-11) 5.739 1390 (2011-12) 2.333 1391 (2012-13) 2.023 1392 (2013-14) onwards 5.817...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010 -
Turkey Ratifies Nabucco Intergovernmental Agreement
...nal investment decision on the €7.9bn project, designed to carry 31 bcm/year of gas into East and Central Europe. Construction is to begin in 2011 and first gas from the Caspian region should pass through the pipeline in 2014-15. Turkey’s prolonged negotiations with Azerbaijan over the price of gas th...
Volume: 53Issue: 11Published at Mon, 15 Mar 2010